The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the equilibrium price and quantity of avocado at equilibrium? Select one: a. This event is a supply shifter and will result into a decrease in both quantity and price of avocado at equilibrium. b. This event is a supply shifter and will result into an increase in both quantity and price of avocado at equilibrium. c. This event is a demand shifter and will result into an increase in both quantity and price of avocado equilibrium. d. This event is a demand shifter and will result into a decrease in both quantity and price of avocado at equilibrium.
The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the equilibrium price and quantity of avocado at equilibrium? Select one: a. This event is a supply shifter and will result into a decrease in both quantity and price of avocado at equilibrium. b. This event is a supply shifter and will result into an increase in both quantity and price of avocado at equilibrium. c. This event is a demand shifter and will result into an increase in both quantity and price of avocado equilibrium. d. This event is a demand shifter and will result into a decrease in both quantity and price of avocado at equilibrium.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the
Select one:
a. This event is a supply shifter and will result into a decrease in both quantity and price of avocado at equilibrium.
b. This event is a supply shifter and will result into an increase in both quantity and price of avocado at equilibrium.
c. This event is a
d. This event is a demand shifter and will result into a decrease in both quantity and price of avocado at equilibrium.
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